GAO: Union Pension Insurance Fund - Likely To Be Insolvent' Within DecadeCNS

Despite recent congressional action, the Pension Benefit Guaranty Corporation's multi-employer pension insurance program is "likely to be insolvent by the year 2024," according to the Government Accountability Office's latest list of 30 " High Risk " government programs. PBGC collects premiums set by Congress from employers to insure the pension benefits of more than 44 million American workers and retirees currently covered under defined benefit plans.



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